TestCloud
Prep • Practice • Perform
Log In

HDFC Bank Receives RBI Approval to Acquire Stake in IndusInd Bank.

Banking & Finance | Dated: 05 Feb 2026

The Reserve Bank of India (RBI) has granted approval to HDFC Bank Group to acquire an "aggregate holding" of up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank Limited. The approval is valid for one year.

🎯 Key Highlights:

  • HDFC Bank must ensure the holding does not exceed 9.50% at any time.
  • This is part of RBI's broader approvals for HDFC Bank to invest in multiple private banks.
  • Such investments are usually for portfolio diversification.

💡 Other Important Facts:

  • Buyer: HDFC Bank.
  • Target: IndusInd Bank.
  • Stake Limit: 9.5%.

📚 Test Your Knowledge:

RBI recently permitted HDFC Bank to acquire up to 9.5% stake in which private sector bank?

Correct Answer: IndusInd Bank

🚀 Quick Recap:

About HDFC Bank

  • CEO – Sashidhar Jagdishan
  • Tagline – We Understand Your World